Searching for a new home? There is a dizzying array of jargon used in the real estate sector. Understanding what the various real estate terms and phrases mean is crucial for finding the best home for your needs and budget.
One of the phrases you may come across when looking at real estate listings is "single-family homes". Although a single-family home might at first blush seem like it's a home for a single-family only, it has a much deeper definition.
Here are some salient features of single-family homes.
Single-family homes are stand-alone properties
A single-family home doesn't share common walls or a roof with any other residential units. They may come with a garage attached or detached.
There are various advantages of living in a home with no shared walls or a roof. For starters, you can enjoy plenty of natural light and ventilation. You also won't need to contend with any potential noise that may come from dwellings located on the other side of the walls.
Single-family homes are built on a single lot
In addition to being a stand-alone dwelling, a single-family home is built on its own lot. This provides total privacy to the inhabitants of the property and also allows them quiet enjoyment of that land.
If you have put a premium on privacy and serenity, a single-family home is an ideal choice of dwelling for you.
Single-family homes have direct access to the street
Having direct access to the local neighborhood road network is essential in many ways. It streamlines the flow of traffic, reduces potential conflict points, and minimizes pedestrian risks. Go for a single-family home for easier and safer access to the street. There are no hallways or a lobby to use – just a private and direct path to the main road.
Single-family homes have no shared utilities
If you don't want to split your expenses for water, electricity, and other utilities with other homeowners, a single-family home is an ideal option for you. This will give you greater control over how much to pay for your utilities and when to pay.
Because you don't share the property with anyone else, a single-family home provides more space and privacy than other types of homes and is generally pricier to buy. The cost of owning a single-family dwelling can vary greatly depending on various factors such as the size of the home and its location. Consider enlisting the services of a local real estate agent to find a single-family home property that suits your needs and budget.
This website can serve as your home for information about real estate. Here, you will find articles about the buying process and others on the selling process. We've also included content related to getting a mortgage, finding a real estate agent, and scheduling an inspection. We hope that by addressing all aspects of the real estate world, we will make you better prepared to handle any real estate transactions that might be in your future. After all, real estate can be a really smart investment, but only if you buy the right home and know how much to offer. Start reading, and enjoy what you find.